Foreign Exchange Markets - Instruments, Risks and Derivatives

所在平台: EdxArchive

课程类别: 其他类别

大学或机构: IIMBx

授课老师: PC Narayan

课程主页: https://www.edx.org/archive/foreign-exchange-markets-instruments-iimbx-fc202x

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课程简介

Delve into the fascinating world of Foreign Exchange Markets and Currency Derivatives as you learn the theories and practices that govern foreign exchange.

课程大纲

  • Theories governing foreign exchange:
    • Interest rate parity
    • Purchasing power parity
    • Nominal vs real exchange rates, etc.
  • Types of transactions in the foreign exchange markets
  • How are exchange rates quoted and traded?
  • Participants in the foreign exchange market
  • Why and how do Central Banks intervene in the foreign exchange markets?
  • Nature and types of foreign exchange risks
    • Transaction Exposure
    • Operating Exposure
    • Transaction Exposure
  • How are foreign exchange risks identified and managed?
  • Role of ‘currency derivatives’ in the foreign exchange markets, both for speculation and for hedging:
    • Currency Futures
    • Current Options
    • Currency Swaps

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课程详情

Thanks to the economic liberalization in several countries over the last few decades, the world has witnessed an exponential increase in the free flow of capital across countries, even more so in emerging economies. This has resulted in a globally interconnected ecosystem of banks and financial markets engaged in foreign exchange transactions that are continuously growing in volume, sophistication and complexity. That, in turn, has attracted a plethora of participants whose explicit intention is to either profit from or hedge against the heightened level of risks in the foreign exchange markets.  

This economics and finance course will unravel those complexities and help you gain a comprehensive understanding of foreign exchange markets: the underlying theories, the instruments traded and how the associated risks and potential adverse outcome are addressed/redressed using several techniques such as currency derivatives.

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